Best year for IPOs since the financial crisis

Monday, December 23, 2013 11:19 AM

Twitter Inc. and Hilton Worldwide Holdings Inc. helped lead the best year for U.S. initial public offerings since the financial crisis, with strong trading debuts likely to stoke investor demand for new shares in 2014, Bloomberg reported.

Companies raised about $22 billion in U.S. IPOs in the fourth quarter, bringing the total for the year to $56 billion, the most since 2007, according to data compiled by Bloomberg. Sales in Europe and Asia also rose sharply, with global deals tripling from the prior three months, the data show.

Stock market gains that lifted U.S. benchmarks to records pushed investors to seek new opportunities, fueling demand for IPOs, according to Sica Wealth Management LLC.